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Other Media | fishfarmingexpert: Record harvest and strong profit improvement for SalMar

NORWAY
Tuesday, November 03, 2026

SalMar, the world's second largest Atlantic salmon farmer, achieved an operating profit of NOK 1.609 billion (£127.8 million) in the third quarter of 2026, a sharp increase from NOK 711 million in the same period last year. The profit per kilo increased from NOK 7.6 to NOK 15.3, while the harvest volume rose from 93,200 gutted weight tonnes to a record high of 105,100 gwt.

In Norway, the company harvested 99,900 gwt, compared to 89,400 gwt in the third quarter of 2025. The operating profit increased from NOK 858m to NOK 1.620bn, while the EBIT per kilogram rose from NOK 9.6 to NOK 16.2.

Author: Ole Andreas Drønen / fishfarmingexpert | Read the full article here


IN BRIEF - The 24th Busan International Fisheries Expo Opens Its Doors with Record Global Industry Turnout

SOUTH KOREA
Tuesday, November 03, 2026

The city of Busan announced that the 24th Busan International Fisheries Expo (BISFE 2026) will be held from April 4 to 6 at Hall 1 of BEXCO, located in Haeundae-gu.

Recognized as the region's leading professional trade show for the sector, the exhibition spans seafood, equipment, smart aquaculture, and marine biotechnology.

The event is organized by the Busan Metropolitan Government, co-managed by BEXCO and the Korea Fisheries Trade Association, and sponsored by the Ministry of Oceans and Fisheries, the Ministry of Trade, Industry and Energy, and the Ministry of Food and Drug Safety. Internationally certified by the Global Association of the Exhibition Industry (UFI) since 2008, this edition will bring together 506 companies from 32 countries across 1,300 booths. Overseas attendance will hit a record high of 162 firms from 31 nations, welcoming first-time delegations from Finland, the Netherlands, Argentina, the United Arab Emirates, Saudi Arabia, Taiwan, Germany, and


Other Media | SeafoodSource: Somali pirates hijack Iranian fishing vessel

SOMALIA
Tuesday, November 03, 2026

Somali pirates hijacked an Iranian fishing vessel with 23 people aboard, according to the Maritime Security Center Indian Ocean.

The incident took place 29 October, according to the Associated Press, with the pirates allegedly taking over the vessel between the Somali towns of Bandar Bayla and Hafun. On 1 November, a Puntland Maritime Police Force told the publication that the vessel – which had 21 Iranian crew members aboard along with two Somali security guards – was taken over by 12 pirates.

The status of the crew is unknown, and the Maritime Security Center Indian Ocean warned that the vessel – which was heading toward a commercial fishing lane – could be used as a “mother ship” to launch attacks on other commercial vessels in the area.

Author: Nathan Strout / SeafoodSource | Read the full article here


Other Media | SalmonBusiness: AquaChile: major algal blooms could overwhelm preventive measures

CHILE
Tuesday, November 03, 2026

Chilean salmon producer AquaChile has warned that a major algal bloom could overwhelm protective measures as the industry prepares for risks associated with El Niño.

Secretary general Álvaro Varela told Diario Financiero in an interview published on Monday that the company continuously monitors water conditions and has introduced technological improvements to reduce the impact of blooms. However, he cautioned that such measures could not guarantee protection.

AquaChile is participating through industry association Consejo del Salmón in contingency planning with fisheries regulator Sernapesca, maritime authorities and disaster-response agency Senapred, he said.

Source: SalmonBusiness | Read the full article here


IN BRIEF - Breaking Free from Seasonal Limits: Sanmen Advances Toward Year-Round Aquaculture

CHINA
Tuesday, November 03, 2026

Sanmen Bay, Taizhou – The 2026 China Farmers' Harvest Festival opened on October 31 in Sanmen County, Zhejiang Province, highlighting the region's transition from seasonal yields to an industrialized, multi-sector production model

Known as a premier hub for marine aquaculture, Sanmen currently holds 11 national geographical indication agricultural products and maintains three specialized supply chains valued at over 1 billion yuan (US$ 140 million) each.

The opening ceremony marked the debut of the fifth-generation "Yongtai No. 1" mud crab seedlings (Scylla paramamosain). New aquaculture research confirmed substantial operational gains for the strain: a survival rate increase of up to 37% under low-salinity conditions, a 17% weight gain, and factory-scale overwintering survival rates surpassing 70%.

These developments resolve longstanding bottlenecks in controlled recirculating systems and facility-based crab farming. Backed by technological scaling, Sanmen’s mud crab sector—now assessed at a brand value of 4.8 billion yuan (US$ 672 million)—continues to strengthen its domestic market footprint through sustainable, closed-cycle cultivation.


IN BRIEF - Boze Mackerel Season Begins: Himeji & Setouchi Autumn Gourmet Fair Opens in Tokyo

JAPAN
Tuesday, November 03, 2026

Shinjuku, Tokyo – The Himeji Tourism and Convention Bureau has launched the "Boze Mackerel Season Begins! Himeji & Setouchi Autumn Gourmet Fair" at the editor's fav Rurubu Kitchen restaurant in Shinjuku.

The limited-time promotional campaign runs from November 1 through November 28, 2026, coinciding with the official opening of the harvest season for the premium branded mackerel "Boze Saba" (Scomber japonicus).

Cultivated using specialized aquaculture techniques from wild seedstock in the Seto Inland Sea, Boze Saba is recognized in the Japanese market for its balanced fat content and exceptional freshness suitable for raw consumption. The event menu highlights raw preparations including sashimi and shabu-shabu, alongside regional agricultural specialties such as Yasutomi yuzu, Himeji lotus root, and a curated selection of six local sake labels from the Harima region.

The initiative aims to expand the commercial footprint of regional culinary goods in the greater Tokyo metropolitan area while promoting seasonal tourism and direct distribution channels for fisheries in Himeji and the Setouchi basin.


IN BRIEF - Japan: Squid Catches Multiply by 2.7 Driven by Sanriku Fishery Recovery

JAPAN
Monday, November 02, 2026

Japanese flying squid landings rebound sharply in October fueled by offshore operations in the Sanriku region, while catches in the Sea of Japan remain depressed.

Landings of Japanese flying squid (Todarodes pacificus) showed a notable recovery in October, driven by fishing activity in the Sanriku region, while catches in the Sea of Japan continue to remain depressed.

According to preliminary data from the Japan Fisheries Information Service Center (JAFIC), the country's major ports landed 4,274 metric tons of fresh squid through October 29, representing 2.7 times the volume recorded during the same period in 2025.

Ishinomaki led port landings with 1,281 metric tons, followed by Miyako (1,140 metric tons) and Hachinohe (1,103 metric tons).

The rebound coincides with the resumption of bottom trawl operations in Sanriku waters in September, where catches have improved considerably.

However, the persistent weakness of the fishery in the Sea of Japan highlights significant regional disparities in resource availability, carrying direct implications for the raw material supply of the Japanese processing industry.


IN BRIEF - CCSBT Approves Increase in Global Southern Bluefin Tuna (Thunnus maccoyii) TAC to 23,647 Tonnes Annually for 2027–2029

WORLDWIDE
Monday, November 02, 2026

The Extended Commission formally concluded its triennial agreements, raising the fishery's global quota by 3,000 tonnes over the previous cycle and establishing allocations among member countries.

The Commission for the Conservation of Southern Bluefin Tuna (CCSBT) electronically concluded the official report of its 33rd Annual Meeting (CCSBT 33) on October 30, 2026, formalizing a significant increase in global quotas for the next three years.

The Extended Commission determined a new Total Allowable Catch (TAC) of 23,647 tonnes annually for southern bluefin tuna (Thunnus maccoyii) across the 2027–2029 block, representing a rise from the 20,647 tonnes authorized in the previous cycle.

Effective Catch Limits (in tonnes) to Members:

 


IN BRIEF - Norway and China Boost Seafood Trade with New Sanitary Protocol

CHINA
Monday, November 02, 2026

Beijing — China and Norway have signed a sanitary protocol unifying inspection and quarantine requirements for the export of wild-caught seafood to the Chinese market. The agreement will expedite registration and market access for previously unauthorized species, including sea cucumbers, groupers, and wolffish.

Norwegian Minister of Fisheries, Marianne Sivertsen Næss, highlighted that this institutional framework will create new commercial opportunities and foster bilateral cooperation focused on marine ecosystem sustainability.

According to data from the Norwegian Seafood Council, China solidified its position in 2026 as Norway's second-largest export market. Between January and September, shipments reached 158,230 metric tons valued at NOK 11.69 billion (US$ 1.16 billion / approx. 8.4 billion yuan), marking year-on-year increases of 15% in volume and 26% in value.

The council's China director, Bi Siming, affirmed the long-term growth potential of this strategic partnership to meet evolving demand from local consumers.


IN BRIEF - Andfjord Salmon Notifies Conditional Bond Redemption

NORWAY
Monday, November 02, 2026

Norwegian aquaculture producer Andfjord Salmon Group notified on October 30 the conditional exercise of the voluntary call option for its senior secured bond ANDF01, with maturity set for 2028.

The completion of the transaction is subject to the final settlement of a new senior secured bond placement of NOK 1,250 million (US$ 115 million), formally closed on October 27.

According to the company, the proceeds from the new issuance will be allocated to fully refinance the existing bond, fund a debt service reserve account, and directly finance Phase 2A buildout at its land-based facility in Kvalnes (Andøya island, Norway), as well as for general corporate purposes.

The full redemption of the ANDF01 bond will be executed once the contractual conditions established under the new financing package are satisfied.


IN BRIEF - Minimum Price for NVG Herring Drops While Mackerel Rises in Norway

NORWAY
Monday, November 02, 2026

The Norwegian pelagic sales organization Norges Sildesalgslag formalized updated minimum reference auction prices effective Monday, November 2. The adjustment reflects divergent trends across the primary pelagic species landed in the Nordic country.

For Norwegian spring-spawning Atlantic herring (NVG, Clupea harengus) destined for direct human consumption, minimum floor prices across grades from Group 1 to Group 4 fell between 6.3% and 7.5%, while Group 5 remained stable with no change.

In contrast, Atlantic mackerel (Scomber scombrus) weighing 250 grams and above posted an upward trend: its minimum benchmark rose from 9.0288 øre (NOK 0.0903 / US$ 0.0083) to 9.1645 øre (NOK 0.0916 / US$ 0.0084) per gram, representing an increase of approximately 1.5%. Smaller grade sizes and volumes destined for reduction into fishmeal and fish oil remained unchanged.

The revised figures represent mandatory first-sale minimum floor prices rather than spot market transaction prices.


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